The New Zealand sharemarket fell today as annual general meetings revealed some commentary that appeared to disappoint investors.

With the New York Stock Exchange closed due to Hurricane Sandy hitting the US east coast, investors did not have the usual sense of direction taken from the US markets overnight.

The NZX50 index fell 0.25 per cent or 10.01 points to 3941.28. Within the index, 22 stocks fell, 14 rose and 14 were unchanged.

Trade Me reported its trading volumes were holding up but the rise in business it was expecting had not yet occurred. Its shares pulled back 4.7 per cent to $4.24, down from the record high of $4.45 that it hit yesterday.